Category: CKM Newsletter

DRC & Zambian top mining news Our premier CKM stories this week   Tshisekedi called for sanctions against all mafia networks operating in the DRC   In his speech delivered on Tuesday, September 21 from the United Nations podium for the 76th General Assembly, the DRC Head of State Félix Tshisekedi called for sanctions against all mafia networks operating in the DRC, and all multinational companies who illegally exploit minerals there.  “Severe and exemplary sanctions be taken against all mafia networks, whether in transit countries… Read full article Read Also: Sandvik:… Read More Here

         DRC & Zambian top mining news Our top stories this week     Three trucks for Sentinel copper mine in Zambia and eight for Cobre Panama for FQM   First Quantum has ordered three trucks for Sentinel copper mine in Zambia and eight for Cobre Panama. Liebherr has confirmed that First Quantum recently confirmed an order for 11 trolley-capable T 284 trucks to add to its fleets at mines in Panama and Zambia. First Quantum has ordered three trucks for Sentinel copper mine in Zambia and… Read More Here

       DRC & Zambian top mining news Our top stories this week     hot commissioning and ramp-up of Phase 1, 3.8 million-tonne-per-annum (Mtpa) concentrator plant is progressing well   Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun are pleased to announce that hot commissioning and ramp-up of Kamoa-Kakula’s Phase 1, 3.8 million-tonne-per-annum (Mtpa) concentrator plant is progressing well and approaching nameplate steady-state-design performance. During August, the plant achieved an average milling rate of more than 9,000 tonnes per… Read full article Read… Read More Here

       DRC & Zambian top mining news Our top stories this week   Zambia’s mining sector is ready to invest in expansion projects worth more than US$2.5 billion   The Zambia Chamber of Mines (ZCM) has disclosed that Zambia’s mining sector is ready to invest in expansion projects worth more than US$2.5 billion next year in Zambia once the industry agrees on mineral royalties with the new Government. ZCM President Dr. Godwin Beene said First Quantum Minerals Limited (FQM) was ready to invest about US$1.5 billion into new… Read More Here

     DRC & Zambian top mining news Our top stories this week     DRC is reviewing its $6-billion “infrastructure-for-minerals” deal with Chinese investors   The Democratic Republic of Congo’s (DRC’s) government is reviewing its $6-billion “infrastructure-for-minerals” deal with Chinese investors as part of a broader examination of mining contracts, Finance Minister Nicolas Kazadi told Reuters. President Felix Tshisekedi said in May that some mining contracts could be reviewed because of concerns they are not sufficiently benefiting Congo, which is… Read full article Read Also; Improving Sino-Congolese Cooperation in… Read More Here

        DRC & Zambian top mining news Our top stories this week   Kamoa to Upgrade Turbine 5 At The Inga II Hydropower Complex   Kamoa Copper extends existing financing agreement with DRC’s state-owned power company to facilitate the upgrade of turbine 5 at the Inga II hydropower complex. Turbine 5 to produce 162 MW of renewable hydropower, providing the Kamoa-Kakula Copper Complex and associated smelter with sustainable electricity for Phase 3 and future expansions Combined 240 MW output from the Mwadingusha and Inga II… Read full… Read More Here

DRC & Zambian top mining news Our top stories this week Zambia’s presidential election scooped by the opposition candidate Hakainde Hichilema… Zambia’s Electoral Commission has confirmed that last week’s presidential election was won by the opposition candidate Hakainde Hichilema. Mr Hichilema defeated his main rival, the outgoing President Edgar Lungu, by almost a million votes. This was Mr Hichilema’s sixth attempt at winning the presidency. His supporters have been celebrating on the streets of the capital, Lusaka… Read full article Read Also; Local Processing and Smelting In DRC and Zambia… Read More Here

     DRC & Zambian top mining news Our most read stories this week  Kamoa Copper production exceeded 500 tonnes per day toward the end of July…  To date, approximately 500,000 tonnes of ore have been milled, including approximately 263,000 tonnes grading 5.7% copper in July. Copper production has steadily increased since hot commissioning began at the end of May. Copper production exceeded 500 tonnes per day toward the end of July, nearing the Phase 1 steady-state design capacity of approximately 550 tonnes per day, or 200,000 tonnes per year…… Read More Here

       DRC & Zambian top mining news Our most read stories this week   The DRC through Kamoa Kakula Can Shake Up The Global Hierarchy Of Copper Producers… According to data from the Fich Solutions research agency on forecasts of copper mining production in the world this year and the rest of the decade, the DRC will grow by 6.9% in 2021, driven by the entry into production from the Kamoa-Kakula mine. The asset owned by Ivanhoe Mines already confirms the expectations placed on it and can potentially… Read More Here

      DRC & Zambian top mining news Our most read stories this week   International Export of Copper Concentrate Commences at Kamoa in DRC…  Kamoa-Kakula begins exporting copper concentrate internationally as production ramps up. Kamoa Copper draws down US$300 million advance payment facility available under the offtake agreements; all future Phase 1 operating costs and majority of Phase 2 capital expenditures expected to be funded from copper sales and facilities in place. Daily shipments of copper concentrate to local smelter to produce… Read full article Read Also; De… Read More Here